Gap Shares Dive on Old Navy Spinoff Doubts
The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
After 21 Years and a Spinoff, Profitability Finally Arrives
Ironwood Pharmaceuticals is in the black for the first time thanks to its complex spinoff of pre-commercial drug development programs.
Gap to Spin off Old Navy, Keep Specialty Brands
"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."
The Link Between Divestitures and Share-Price Malaise
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
Nuance to Spin off Automotive Software Unit
The speech-recognition specialist is focusing on its “core growth opportunities” in the healthcare and enterprise segments.
HPE Names Ex-Sprint Exec Robbiati as CFO
Tarek Robbiati — " a visionary leader and a pragmatic business operator" — replaces Tim Stonesifer at the HP spinoff company.
VF to Drop Denim Brands in Spinoff Move
The decision to spin off Wrangler and Lee into a separate company reflects VF's strategy of focusing on active-lifestyle brands such as The North Face.
Six Key Steps to a Successful Spinoff
From higher profits to enhanced TSR to tax benefits, a spinoff can generate great value for both the existing and spun-off companies.
Ford Forms New Unit to Lead Drive Into AVs
“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead."
S&P Warns of Negative Impact From GE Spinoff
The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”
Icahn to Sell Federal-Mogul to Tenneco for $5B
The deal is the latest shakeup in the auto parts business, with Tenneco planning to split into two companies after it is completed.